Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, July 02, 1907, Image 9

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» i THE ATLANTA GEORGIAN AND NEWS. overnment Figures at 72 Signal for Sensational Advance. jARKET RAN WILD First Prices Were Decidedly Higher—Later Imrove- ment Continued. ■ c* York. July 2.-At tbso penlng tilts l..™Tnx tlic rot ton mirJiot was steady at IfEtlSe™ 2 point* to an advance of « lUSna upturn wa, on the near month*. IK,™ was moderately aetlre with opera- Irnn fV’nlit* up for the government report Ij” It boob. The cable* came •lightly IK,, thitti h.nt been expected. I'Sr goternment cotton report waa (lectd- Irfit more bullish than the uto«t radical IKf hail dutlflpiiteil. and nrtcea adranced ■ f?, .HiKitlimnl nianiter, with shorts In a . (i. inlior Jumped to 1J.10. December Ito a'" 1 January to 12.2!. an upturn of HiStw'tlir first .port of SO to 25 point., larv profit taking by the bulla and outside ■&M caused 11 drop of 10 to 15 point*, but li till, decline shorts were tremendous buy. I!., ami nrices quickly ran up to a new ISth h-vel. with October selling 12.14 and ,rr at i:.a, or a nat advance of fit to Ig [Shits. The market during the morning was quiet l«ini nervous, anil fiuetuatlous were con- ■feed within n narrow range. Operator; Vrttt apparently waiting the publication of ■the tm eminent report of the condition on ■J^ne to be Issued at noon In New |y or |{ anti, ns n result, prlcea drifted aim* Ipfsir until thnt hour. J ^ # ■ \yUi business wo* *uspended for the |purm>«e of announcing the condition fig- |ii ^ October was selling at 11.80, Decern- llrr 11.M »nd Jnnunrjr at 11.90. I l’romptlv nt 12 o clock, New York time, ■the report was ready and one of the wild- l f „ fl nd most exciting periods teen on ■the door of the exchange for a long time ■followed. Tin* advance Immediately after Ith? condition tacame known wn» sonsn- Itionnl In the extreme, the first quotation on ■October showing n gain of IS points to 11.93; I December 31 point* to 12.12; January 32 ■points to 12.22. For five minute*, cotton ■•oared. aid It Ion of i2 wa — s. 71 being the favorite figure. Tho ■built claim these figure* Indicate a short "crop, and thnt much higher prices ar* bound to prevail from now on. Following Is the condition l*y states, compared with previous years: May 25, June 23, STATES— 1907. 3907. 1900. 1W3 JVIrglnla SO 65 W 72 ■North Carolina ..80 73 79 i4 ■South Carolina ...77 79 82 7$ ■t>c<>rgln 74 78 86 <5 ■Florida 80 83 83 81 lAIalwma 65 68 -81 78 ■Mlsfbslppl 65 67 SB 71 ■l/)ul»lana M 66 16 76 □Texts 70 72 87 70 ■Arkansai 65 67 85 76 Vases—* 63 69 82 83 ■Missouri 65 6 4 86 83 ■Oklahoma 80 74 92 73 [Indian Territory..78 73 79 Averages 70.5 NEWS AND GOSSIP of the Fleecy Staple. Special to The Georgian. (From Hayward, Vick ft Clark.) New Turk, July 2.—J. 8. Bnctie & Co* Liverpool was duo 203 points lower. Open ed quiet 2 points decline. At 12:15 p.’m!, ?*,? *l #t *.® 2 lower, spots dtill and easier, but uuchnnge<l; middling I’lTi' w American 2,99p; speculation AmeHcaJ rt *°° : llu,>ort ® 11 - 000 ' Including 6,600 iJJi2r U f* r r Jf^ tt,n ff out ou rain and cooler In Tegus. One or two falr-slxed sell- SSL. ,mt the orowd here nm,"h n< # t , tle bnll clique huve dmiu mm h of It. IBooks Uke they will have to supiiort It on the bureau, regardless of flg. ure*. but there will i>o sous heavy sell ing on any sharp upturn. The July report on cotton of The Jour ?5L of JF.°, l “ nl4 ?£ e » *will appear tomor- ,nn kes (he condition 74.2 per cent. ^m» p nres with 69 last month, 82.7 last year. 81.2 lu 1905, and 83.2 In 1904. I rice figure* the crop nt 9,851,000, and “J* he feel* more confident than ever. >“ *» undoubtedly very Isilllsh. awl the market will go up unless bull clique lets It swing I»ack. J ." lT *■—Hsyward. Vick „ Clark: Official forecast tor fair weather Is restoring Imlllth couflilence. Mirket a purchase ou any eusy period. Bureiui Indicate* a crop of nlmut 11,« 000 bales, and Is considered very bullish. Edited by Joseph B. Lively Mr. Lively's twcoty-flr* years' experience of ed iting markets in Atlanta and the Sooth has mads him a recognised au thority Id hi* specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS KJMK OF hTOOL 72.0 84.6 74.1 At the close, the market was steady, net Kfji! poluts higher than the final prices of Ibmdsy. roopsfttlve receipt# if all U. S. ports: Net receipts Tuesday 1,900 ■Lime dny last year 6,621 I Decrease 3,631 ■Total receipts for four days ..... 7,303 (Same days last year * 14,476 , eoterabsr 1....9.' last year SUMMARY OF WEEKLY GOVERNMENT REPORT. Washington. July 2.—The mean tempera- ture for the week wa* nliore normal In Texas, Louisiana and the southern portion of Mississippi and Alabama, and was below normal lu other portions of the cotton re tlon of eastern Texas and at a few pol In Louisiana. The weekly rainfall exceed ed 2 inches In portions of Alntantn, Geor- S a, Florida, the Carolina*. Arkansas snd klnhomn. There was more than 4 Inches of rnlnfsll at several stations In Florida and South Carolina. HOT WEATHER IN TEXA9 OFFSET BY BUREAU REPORT. New Orleans, July 3.—High temperature* In Texas over Sunday, the government, ac cording to prlvnto telegrams, reporting 116 degrees at flnillnger, advanced values on the opening some ten points, but the squar ing of accounts and the Indisposition of tip talent to take ou fresh lines on the eve of the bureau, left the cotton market without sufficient support, and prices declined point by point until the close. TJ»I* morning at 11 o'clock. New Orleans time, the bureau at room traders pretend to believe the percent- ■ figures will be in tho neighborhood of .. or 78. The ten-year average for this date Is 91.1. last year 83.3, the small crop ear of 1903-04, 77. The large crop rear 1904- JT, 88. An unfortunate feature of tod**'* bureau report Is the widespread absmx confidence among the trade In the relative figures that nre to be given out.—Hay ward, Vick ft Clark. American Smelting... Am. Locomotive. , . . do, preferred. ... American Car F. . . . American Cotton Oil.. Anaconda Atchison . do. preferred. . . . Atlantic C. Line. • . . Brooklyn ttapld T. . . Baltimore ft Ohio. . , Chesapeake ft Ohio. . Canadian l'aclflc. . .. Chicago ft Altou. ... Consolidated Gas. . • Central Leather. . , . do. preferred. . . . Colorado Fuel ft Iron. Corn Produce Colorado Southern. . .. Delaware ft Undson. . Denver ft lllo Grande. Distillers' Securities. . Erie do. preferred. . . • General Electric. . . . Great Western Great Northern. . . . Illinois Ceutral. . . . Interbore do. preferred. . . , Kansas ft Texas. • • . NAME OP STOCK. Kansas * Texas pfd. . Louisville ft Nashville. Missouri Pacific . . • Mexican Central . . . New York Ceutral . . Northwestern ..... National Lead .... Norfolk and Western . Northern Pacific . . • Ontarton ft West.. . . Pennsylvania Pacific Mall People's Gas Co. . . . Pressed Steel Cor. . . Reading Hock Island do. preferred . . . Ilepnb. Iron ft Steel . do. praf. Southern Pacific. . . . , Southern Hallway. . . , do. preferred ... 8t. Pouf ? enn. Coil and Iron . , exas Pacific Unlou Pacific ...... U. S. Rubber do preferred . . . U. S. Steel do preferred . . . . . Weatern Union . . . . , Wabash do preferred :l w l 19*4 •ii* wit s* B 1 f, SB TIPS FLASHED From Wall Street Total stork Ml7W33.. f ‘00 shares. NEW YORK. The following ts the range in cotton fn- tnreq Is New York today: July. . October. Nor. . . Dec 1L7 Jan. . . . Illi Feb March . . .|ii.i8tl>.id| Closed sternly. ill l I II 11.93|12.48112.46-48 11.87112.38 12.40-41 ii.i.m:. i'J.n-i:. II. 69112.29 12.27-28 1X32-24 lL«9]lXa]l2.27-28l III. lwj 12.39112.37-391 1 112.41-43 1 11.88 12.47 12.47-48 1 110043 11.97-99 11.62-63 11.75-77 LIVERPOOL. The following flgnrea give the opening rango and close, compared with yesterday; Futures opened quiet and steady. Opening ‘ July-Aug.... fl.tT Any Sep Oct.-Nov.... Nov.-Dec.... 6.45 -6.46 Dec.-Jan.... 6.43 -6.43H Jan.-Feb.... 6.4H4-441 Feb.-March.. 6.4lH-6.42'/4 March-Aprll. 6.42 -6.41H NOTES ON GRAIN. Poiuters on Provision*. TEXTILE WORLD ENJOYED A PROSPEROUS HALF YEAR. bstlmatcd receipts Wednesday: |Kpw Orleans 600 to 900 |Gal vest on 2,500 to 1,500 | /loiikton 700 to 900 Itomie day last yi*nr I Same dny hint year IncreiM* |8tock on hand Tuesday .. I eamp 6sy last year ...... SPOT COTTON MARKET. Llrerpnol. dull; middling uplands 7.35 Atlanta, firm; middling 13*4. New York, steady; middling 13U. New Orleans, firm; middling 12%. Augusta, steady; middling 13%. Savannah, firm; middling 12%. Memphis, steady; middling lie. Galveston, firm; middling 1215-16. , *,.» rl :‘ , (° n * nominal, wllinlngton, nominal; Norfolk, steady] mlddllnj H(wt.*m,"V ““ " “[[•more nominal; mlt Phlhdelphla, steady; middling t’rm; middling 12%. JlmiMon. steady; middling 12 15-16. Jlndnnatl, nominal. Uulsvllie, steady; middling 12%. TODAY’S FORT receipts. i mSm . fo, . ,ow,n f **ble shows receipts at ths I Kt year com I >ar * <1 With the same day steady: middling 1IV4. n. steady; middling 13%. steady; middling 1X50. I Jsvannaii !!!!!!!!! jtnarleston I Wilmington’ .’!!”!**'** Norfolk fete!;.- ::::: ’Hi TNTERIOfl RECEIPTS. h5SJ 0, !”U l * »»W. show, raralpts at th» I Psustnu I ftsnsta I Po>piil« Sr h *ywardlvick a clark-s daily cotton letter. I vritfc *1, Yorl *' July 2.—Bureau day and firur,, * *urprlae condition report r.nt ,. r )' er ,' ! 7 lueh lower than the cur- f«Sl a >'o n ". 72. being 1 1-2 per fikurei* 1 * her ,ha » l«»t month. Theao nt, 4'Jlr "'* V 2L’ are ,n ,ln * »lth prl- tdvan?e.i r lT IS* market was Arm and _ ncM "t^adily after the early tell- New York Commercial: Tn the textile world there baa not been a similar half- year within a generation and there never waa a period when the country was at peace, that values on textiles climbed aa steadily upward aa they hare since Jsu uarjr 1, 1997. In completing the first half of the year, agents report that remarkablo records have been established In silks, ltn- ens, wool products and cotton goods. Man ufacturers have been In control during the entire period and have run prices up, lint not above the parity with raw materials. The most stngular circumstance In connec tion with prices Is thnt buying has not been cheek* lug Is quite t and the largest accumulation of orders ever hnudled. This makes the prices now rul ing. seem safe to buyers, ft Is in the job bing market thnt the activity will he great est this week, and In fact, for some time. The showing of the full assortment of'fall linos begins with today, and will compria* offerings In all departments. While the values of much of the merchandise In the loblmrs’ hands has been enhanced for first hand values, being marked up, the local and fully realise thnt retailers are ^ class In the textile Industry, that hna not experienced n big and profitable " business. There nre signs of the trade Improving and Jobbers are adopting the policy, which they believe will Induce Terms on Cloths Shorter. As July opens, the market for print cloth yarn construction goods follows the fin# yarn constructions and scores a higher scale of prices. Discounts are helug shortened and date* of delivery extended. For narrow cloths In rgulnr and odd count, printers are still seeking agents who will accent orders for delivery this side of September. Ou wide goods 7% rents hold as the nrlee of spots. There are few spots In 39-Inch 6$x 72* or cloths of higher count, snd sales for future delivery extend into the spring months of next year on s price basis 6% cents for wide standards. (From nay ward, Vick ft Clark.) lal to The Ge< Chicago, July 2.- '* Wn can see nothing ;e some weeks yet to show what the uorthwestern crop is. Oats look high to us, and If the present prospects mature, they will eventually • sell lower. 1'rorlslous nre lifeless. The Chicago Itecord-IIerald: "Tho whole wheat situation seems to hinge on the Northwestern crop." said Weutworth P. Mnckenxle, of 8. C, Love ft Co. "This Is the vital point In the domestic outlook anil has a very emphatic bearing on the world's NEW ORLEANS. .JSiWi^artx;! ,n “ ,,o ° fo IM i I a ■Tiily .... Aug. . . . Sept. . . . Oct Nov. , . . Doc Jnu Feb. . * . . Mar. . . . 13.10113.50 i2.47i.V.» 12.02jJ2.71 11.031164 12.01 12.69 isiuiitw 13.10 is. 49 11.01 iiHi 12.00 iiii 13.44113.45 113.06 13.30-40 12.82 13.10 13.03-06 13.50-55 12.00)12.60-6113.05 13.65-t7lll.98 I2.65|12.6U5|U.98-99 12.00 12.50-60 12.QQ • m‘i *1145845 12.06-08 12.50 12.68-70 12.10-12 Closed stendT. J-'-. ■ B ■ WHEAT I SHADE OFF IT THE A Good Demand Advanced Prices a Cent Early in Session. should the spring wheat crop fall good, filling up the situation, we should judge that the recent advance has been too radical; that It It somewhat premature; that It Is based more on uncertainty than on any actual confirmation of serious losses In spring wheat. In nd/lltloo to this, there Is a lot of Inconsistency. The foreigners need wheat and wfil hare to come after ours, but, In the meantime, they show no dispo sition to take the No. 2 red variety, which remains on our hands In large nnantltles at Increasing cost to the carrier. These Incon sistencies must lie adjusted before one can feel perfectly confident that wheat OTer 91 Is permanently established. That it will be later we have no doubt, but It may be a little premature to shove our prices up Above an export basis, and It would be a much healthier situation If we could make,,.,™ ,„ c MU|IUBB| . IW our stocks attractive to the foreigners on a | develop .before It will be overtaken by frost, more legitimate basis. We believe eventual- c w 1 8T. LOUIS CASH QUOTATIONS. Wheat—No. S red winter 99%096 Oats-No. 2 43%$44 Chicago, July X—Wheat closed 1%01%c higher today, corn was up %0%c. oats gained %©%c and provisions were 2%C5c up to 5c off. The bears In wheat were routed, while the bulls enjoyed smooth railing. The mar ket was strong, with the news on tke whole a Jug-handle character—mainly bullish. Hoyt, the crop expert, who la on the road for the Ijike concern, reported bugs and rust In the Dakotas, and worth, In a long apodal to Ben Bryan, volunteered Hie opinion thnt the wheat WEATHER REPORT. WEATHER CONDITIONS. Unsettled weather conditions prevail over most of the map and showers have been numerous in the last 24 hours. Hu In was fnlHng this morning at New Orleans and lilrinlnghain. Thunder storms occurred In the last 12 hours at a majority of the sta tions In the booth and at a number In the Northwest. The pressure Is flat and with high tem perature. favorable for tho development of thunderstorms. The present outlook favors partly cloudy weather in this section tonight and Wednes day with occasional thunder showers. COTTON REGIION BULLETIN. meridian time, Special to The Georgian. (From Hayward, Vick ft Clark.) New York, July 2.—J. K. Ilnche ft Co.: Market has taken stocks offered without any tronlde. The earthquake fears In I^>u- don was giren as reason for wetkness there. A little aggresslveuesa would put market higher than yesterday. New York Financial Bureau: Bullish op erations along specialty lines, as suggested In these advices yesterday morning, are likely to be continued as in Monday's stock market. Tho situation does not. ns we have bolutcd out, justify n broad bull campaign, but lu view of the re-lnveatuieiit and the probability of a good crop report July 10th, combined with a large short interest, fl modern to-Improvement is not unreasonable, considering tue low level of the general list and the high returns on the best grade of stocks. Union Pacific seems to be In line for Im provement of moderate extent from the closing levels. United Slntes Hteel, as re ported yesterday. Is bulled ou the earnings report, and can Im* put higher. Heading must tnko the offerings noted at the clos ing l>efore It can go much higher, and wo would not hundle 'Tt bultlshly until this Is done except on recessions. Amalgamated Is In the same position around 87, alth the rumors are now that mi reduction M be made In the metat, which might Induce a sharp covering movement. Union Pacific tlon with Burlington 4s. fit. Paul Is lu . technical position, where, If the pool de sires. It cau be thot up sharply against the shorts having taken the stock offering .. ferred to yesterday morning aa Iielug the only opposition. The remainder of the list continues to show the effect of bullish operation* from the Inside, and we would be on the lookout for specialty activity. Town Topics: We earnestly advise the taking of profits on the stroug spots this morning. The market Is going nliead ton fast for Its good and a sharper reaction than would otherwise have been In order Is to l»e expected. While there has been a fair amount of nctiral Investment buying by outsiders, this Is not made up of a» > Inrgc ortlnn of the trading which continues propor qqlte | professional. Such nufnvorable devel opments ns the sharp rite In money rates and the depletion or the surplus reserves will not for long be Ignored, and ns the Insiders have been supplying the market liberally with stccks. It would seem thnt the professional tnctlcs would soon be In fnror of the decline. Good stocks still look heap compared to price* of a year ago, but It must bo remembered thnt money the world over Is ruling much higher nud ex pectations nre thnt It will continue so for att Indeflntt interrupted raU quotations at levels where the pi too attractive for most receut bt to resist. On any break of two cr three poluts. Southern I'nclfle, Atchison, Baltimore nml Ohio, the Hill stocks, Northwestern. Louis ville nud Nashville. Atlantic Coast Line, and the Copper Issues nmy lie Im.light with comparative safety for turns, while Heading will likely W subject of further bullish mniilDuIntlon: •aclflc may be kept strong to help Issue, but we - *- * Ju this stock l> advance Is undertaken. buyers ATLANTA MARKETS. stations Cablet were all higher. We**heMeve*tfiat Speculation nmy neutralise | FoUowIng • brief dip early, the market the Inconslstenclee referred to, bet we also developed strength. A message from Wel- »■**». •*'•>»»««»•«*»» °* irbmt near there hail been threshed, ami Atlanta! cloud/ Chattuuoojpi ralu.. .. CeJnabua, clear Uatnearllle, clear.. Greenville, clear ,, Griffin, cloudy.. .. Macon, clear Montleello, clear .. n-cou Newuan, clear.. .. Home, rain itpnrtanliurg, clear 1 nllaiioo.il, cloudy . 'I'oocne, clesr Went l*n!nt. cifuuiv ■ til- ■: — Inn, until the report waa announced, when fluctuations became more violent and the advance more pronounced. The bualneaa tvaa entirely professional and tho bull clique were active before the publication of the report on the late ad vance, heavy reallilm occurred and for a moment prlcea eased under the pres sure, but the market took the aelllmt remarkably well, and a violent upturn In the near month* caused buying on a fairly large scale In the new crop months. We believe the government figures will cauae a reallaatlon of true conditions and bring about a more or leaa extended advance. STONE & CO. Candler Building, ATLANTA, GA. Tickets From ... and . r. To Europe. We are Agent* for all Principal Railway and Steamship Lines. HAYWARD, VICK & CLARK, WTTON, STOCKS, BONDS* COFFEE, GRAIN AND PROVISION* Cerondelet and-Grftvier Sts* New Orlt«n»* fegfsaiafflr M EM ?£' te'&iisr siS j Cottas Am’* A *■ ,a CHE 4'cO, T ArfD 0 BARTLSnr, C FRAilER V’CARRINOTeM. MIYATE WIRM TO ALL-POINTS. avoided by the buyer, nnd advantages tnken of subsequent breaks which the law of gravitation alone Is likely to create on which the Investor or speculator ran confi dently take hold on the long side.” I*. 8. Hoyt wrote from Watertown, 8. Jnk.. that the wheat In that vicinity from | to 6 Inches high, with acreage nnd the gre«n lice Present In about four fielda out of five. The Inracta, he claims. Is needed to mature It. ...... M further ndvnnced than wheat, and the oats nnd barley acreage la large. Coro prospects “~i very poor; too much rain. T found public Interest In whett wide spread through Canada and the Fast." mid P. XV. 8elpp. of A. O. Slaughter ft Co., woo returned recently. "Talking nlwmt hulls, one should go to Toronto for the real article. They are predicting 93 per bushel. They claim that the wheat crop of ths Canadian Northwest Is already badly dam aged. and that It has scarcely any chance of making a crop. The only exception to the bull sentiment there la among the cash houses, who nre trying to buy wheat. These believe thnt conditions have already been discounted In the price. The Toronto dealer* tell me that In the larger producing wheat country of the Canadian Northwest, fertile, and that this eomblnn to tell against wheat, even If It should escape the froets." John Mnrfield, who la tohrlng the bent ont section of Illinois In an nutomoblle. with Harry Knrnum and W. II. Noyen, of Chi cago. nnd John Went, of Lodi, wired from Ashkum. Ilia., yesterday afternoon: "I urn very much surprised at the conditions of the growing oats crop. It Is going back ward very rapidly, nnd has all the appear ance of the crop an we found It In Okla homa and Texas. Covered shout 100 miles from Chicago here. Would not put the crop In this territory to exceed 10 per cent, and must have Ideal conditions to get this. Found fields alive with green burs, and plainly evident that It Is the bug that did the damage In the fiouthweot. Corn out look to vety poor. Fully three week* late.” AGENTS OF KNOX IN SOUTHERN STATES Montgomery. Ala.. July 2.—Represen tatives of Senator Philander Knox, de clared to he an aspirant for th« Repub lican presidential nomination, ara In the South, sounding Republican opinion on Knox'a chances from a Southern atand- P °&*. most active Investigations arc being carried on In Georgia and Louis iana, wher. It la thought the Republi can* have a alight chance to break down the Democratic atrongholda In a presidential election*. It Is believed that Oeorga Thompson, of Ohio, a close friend to Knox, re ceived a discouraging reception In New Orleans, where It waa planned lo raise the Republican standard In the South. STABBED TO DEATH IN FIQHT AT CHURCH. ft peels | to The Georgian. Warrior. Ala.. July 2.—Tn a difficulty Sunday at church, Walter Shipp stabbed to death Clarence Gray, an other youth of about his own nga. 15 years. Both were sons of prominent farmer* that It had averaged ouly 3Vk hiuheia to the acre. There was good speculative buying of rnrh and prlcea advanced sharply on It. The country covered on the cool weather. (lata wor* active with a big professional and non-professlonal trade Green bug CHICAGO GRAIN MARKET. It for h _ _ rc-terduy's close: Preview Open. Illgh. Low. Cose. Close. WHEAT- Br J8 M J? 9 X COHN— July.... 58% 54 68% 18% 58% BgjikR as el sa i *&::: £* JR g * D«C.... 89% 39 J BOKK- July.. 16.22% 16.39 J6 W July... 8.86 8.80 8cpt... 9.05 9.10 It 1118— July fk'pt... 8.SO 16.22% 16.30 16.25 16.47% 16.90 16.47% 8.80 8.90 8.87% 9.65 0.10 9.10 8& M0 LIVERPOOL GRAIN MARKET. Wheat opened % higher and at 1:30 p. m. THE LIVE 8TOCK MARKET. I jor tomorrow 2X000. tn 5c higher: light 86<6*-3S; mixed heavy 95.85^6.12%: rough 96.65' 95.5006.15; good to «'bok*c heavy Cattle— Rthcripts 3.500. Market steady; beeves 94.<D«7.10; cowa 91.7504.65; heifers ffheep—ReeHpts 1I,#A Market strong; sheep, native and wratgrpi.. 54B6.10; year- Mng* 96tf6.7S; lambs f5.60<|?.66; western 95.50 THE METAL MARKET. New York. July 2 —Tho metal markets to day were Irregular. All grades of copper were advanced. H|*elter off 5 points, while spot nnd nenr^ by delivery tin tell %e In bid, but ad vanced %c In tho .-taking price. all 111 .If* silnlmum tetuperature, are for the IC huor period ending i a. m„ tbla date. HEAVY RaTnPAI.IJV, l, (in,, <frtTnniK)(|, H, Meridian. Ala Fort Gaines. Gn Bolivar. Toon Corinth, Miss CENTRAL STATION. Atlanta Augusta .. ,, Charleston.. .. Galveston .. .. Little Hock.. .. Memphis .. Mobile Montgomery .. New Orleans .. Oklahotus.. .. Savannah .. .. Vicksburg .. Wilmington .. "TTlnJir-— ■ rdi) ysster* ..9.99 ..4.59 ..l.M ..1.94 ..1.90 ..3.34 DlfiTKICT AVBltAGKfi. Temperature. in FRUIT AND PRODUCE. E0O8—Aetfve. 17017%c. LIVE POULTRY—I Ians, active, 36037%; chickens (fries). 12%027%c. Ducks, Pekin. SCc each; puddle, 23c rack. Turkeys dull, 10c per Hound. DRESSED POULTRY-Tnrkeys. drawn, active, lttftl7c pound: fries, active, 2f>$f3Uc pound; hens, 14c i>otind; ducks, drawu, fancy, 15c pound. PRODUCE—Lard. 13c pound; ham* ac tive 16c pound: shoulders active lOflllc pound: sides active, 11c pound; butter dull; lCKJ!12%c pound; beeswax active, 26c pound: honey, bright, active, 11c pouud; honey In 1 -pound blocks active. 12%c pound. FRUITfi—Lemon*, fancy Messenn, 95.9MI |5.26; bananas per bunch, culls active, $1.00; straights 3% cents ner pound; pineapples, Florida stock, 92.75^3.25; oranges. Califor nia stock, per box. 84.50. Florida kon- icncs. |X76toXW HBrara - STOCKS AT START WERE Quotations With Few Ex ceptions Showed Declines to 1 Per Cent. LONDON BELOW PARITY Canadian Pacific Showed Greatest Weakness in Early Trading. New York. Jnly 2.—The main significance of today's market ugitiu lay In the trial of strength lu the speculative position. In view of the rapid rise of the previous days, a large section of the professional party were Inclined to operate for a, reaction. The violent upblddlug of prices at yesterday's close, wan looked upon ns nu Indication that speculator* who bad l»een selling stocks short during the day were covering, nnd It was therefore believed that the specu lative position had been weakened. The stocks were sold freely In the early Lon don market and the selling continued throughout the ilay. It was appnrent,_how* niirngeineiit was derived tlio Increased receipt* at the sub-treasury, which brought the gain for the local tanks up to $1,790,009 on the week. Following this call money grew decidedly easier, the to dropping down to 6 per cent. New York, July 2.—A reactionary tenden cy lit the stock market developed at the opening, nnd quotations with few exceptions Nhowed general declines extending from small fractious to 1<4 In Caundlnn Pacific and 1 per cent in Great Northern. Atchi son was down %. Southern Pacific *4, Union Pacific %, Heading %, nud St. Paul %. MINING" STOCKS. Boston. July 2.—Openln prices: Coppc linage 60%; Old Dominion 48%; Calmbei .... 175. Mohnwk_82;.fihannou 18; Nort GEORGIA RAILWAY AND ELECTRIC CO. Boston, July 2.—Following was the bid ud asked price on Georgia Hallway and . ..leetrlc Company today: 83 bid nud 88 asked. THE LONDON 8T0CK MARKET. Anaconda Atchison do. preferred .. . Baltimore nnd Ohio .. .. Chesapeake nnd Ohio Chicago nnd Great West Canadian Pacific .« •« Eric do. preferred do. preferred * and Naso vine .. Centre! preferred Norfolk and Western .. .. York Central ., .. Ontario and Weatern .. .. Pennsylvania «, ,. Philadelphia nnd Heading . Rock Island jrara|rai|| .allway 8t. Paul Unlou Pacific... pur KXt 21.00: peanuts In sacks nr^salhu |SiSSS,2a IM pounds sack, owls, lo ,rada. per poun.l „■.V„" , .K pr j£ra^Li (Irlsd apples, "4**1 ic; dried ^cbn.h. preferretl -- PKiches. 1114c; prunes. COTHe; esutaloupe. 22.001)2. 50 crnfi*; watermelons, 10@l5c each; Georgia nenches, 82.00 crate; blackberries. 12%e; rhubarb. 50c bunch. VEGTABLEo—Tomatoes nre active nnd selling’at $1.5001.76. Potatoes, new. $2.59 03.00 iter barrel. Onions, Loiilslnun, 92 per bushel; Egyptian 4%c usr pound; «»M Irish potatoes active 81.1501.20 buabsl; cek as sss] SR esiirssk ci krnut. hnlf barrel. 23.75; euemnhers, 21.350 1,75 per crate; eg * plant. 21.257(1.75. GROCERIRS. napp7eclal»le raludill. . “For It bours sndtD, 2 i •5tb ucrldlao tins. Ramarka. The temperature baa rises considerably erer tbs entlr* belt. Ualn ha* (allsa la all WEATHER IN COTTON BELT. Map shows mora favorable weatbee eoadb tIons. Generally elon.lv In Texas anil cen tral atatea. Good abowers In northern half of Texas, Arbansaa, lenilslann. .Mlsslsalppl, Tennessee, western Georgia. Temperature, somewlmt lower lu tipper part of Tessa. NAVAL STORES. • 11 os I n flnn, window glass 2o.25SI<I; water white 25.757i 5.90: M fS.bW/5.75; V 25.<0«ll.9n: K 25.25: 1 25.15: ir 2I.«5®5; O 2t,aorfl.M: K 24.751(4.1(714; K 21 56*44.5714; D K20Q4.S; C B 22.Mff3.25. FOURTH NATIONAL RAISES DIVIDEND Stockholders In the Fourth National Bank will In future receive 12 per cent on their holdings Instead ot ( par cant the stock of the bank having been placed on a 1! per cent basis. This action was taken at tha meeting of the directors held Monday and la an Infalli ble Indication of the prosperity of this bonking Institution. It waa shown at the meeting Monday that the bank now ha* a capital stock of 1500.000 and a surplus of a like amount. During tha past six month, the net profit, of the bank have been $31,000. L. H. Fairchild. Establish,d 1888. I.- H. FAIRCHILD & COMPANY, S. J. White NEW ORLEANS. Member,: .Vew Orleans I'nttoa Rxchaage. New York Coffee exchange. New York Cotton Kxobange. New Orleans Board of Trails. Vew Oritaas Slock Rxehange. ('hirego ftnnrit ef Trade. LIVERPOOL COTTON ASSOCIATION. Private Wires to NEW YOIIK and CHICAGO. Orders solicited far fntar* d.Ur* SI on sbors Kie»—a, II. C. COTHRAN. RICE-Jftp tC*44c; bend 2«7c; fancy bead 244177. ncreeling 10 the grade. CI1KK8K—Fancy Bill cream. 16 cents; Georgia can* syrnp. 36 cents gallon; salt, loe-t-oiinil. 50c; axle gr.s-s 21.73; sods crack ers 6V4C pound; loiuon 7c; oyster 7c: bar rel cam!/, per ponnd, 244e: mixed, pet pound, atic: tpiuatoe*. 2-penind. 22.90 rase; a*pound, 22.tS: navy beam. 22.40; Usm Iteeu Co; tast mstebra. Dvr giro**. $1.63; macaroni, $%fi7<' yoimfi; smllnes, muatanl, $3-36 c*s-. ftUGAH—Htamlanl nranuint«*«l. 6%c; New York r«*fln«Hj, 4%«*: nlaotntlon. 5r. * COFFEE—Vloastsa Arburklvs 816; bulk In tags nu«1 barrel* 12c: green lltflSc. Hhrctlital biscuit $5 nine; No. t rolled oats 98.35 caoa: a»ck grtt*. 96-ponml tags, 91.96: oystcra. full n eight. 83 cr.sc; light weight $1.10 cat**: pcpDcr, lie lb.; taking nowilsr 96 case; red salmon, $5 case; pink salmon. 8135 g »c; cocoa, 49c; chocolate, S3; snuff, Mb. rs. 41c: roast brof. }?.(» raw: corned lieef. i cos**; . .. s. 35c gallon; corn, 30c gallon; Cuba it ash. 93.23u3.80 caso; peanuts. 8c; rope, nob. lie; soap, SLMU4 cssa. lea u*. Mtas_ . 4-ply cotton. PROVISIONS. PROVIHIGNS-Rttpremo hum*. IBc; tallies. SOU25 pounds backs, 8c; Supreme lanl. 9%: Purity compouud. «%; California liams, ICc; dry salt extra r*ta. 9.35. FLOUR AND GRAIN. rLOUn-lIlgbfSt patent. $5.06; heat nat- cut. $5.40; stamla.-d patent, 94.75; half pat- white feed, *8c; No. I fellow. 77c; mixed. TTw; crackcfl corn per husbel, 78c; bulla, ’’chicken KBBD-lriftyjwnad anekr, 26c; runts ehlek feed. 2200; Victor feed. 21.25) brand feed, 21-26. OATfl—No. 2 White. »>! No. 2 mixed, 66c; Golden oats. 66e: whit; ellppiHl. C2c. MKAI.—l’lnln. per SO.pound suck*. 76c; 4A pound sacks, 77c; plola, 20-pound sacks, T»c; germ. $1.25. HAY—Timothy, choice Ian* hate, 21.49; do., eboleo small Imlea, 21.25; No. 1. one- PRESS AGENT IS OFF FOR ZONE Washington, July 2.—In accordance with lila plan of transferring to the Isthmus tha headquarter* of the Pan ama cnnnl commloelon, Secretary of War Taft has decided practically to clime up the office* of the commission In this rlty. Rerrelnry Joeeph Buoklln Bishop, who wu appointed originally at a salary of $10,000 a year lo act a* his torian and press agent of the commis sion, will it Is announced todny. re move hla headquarter* to the Isthmus. JUNE COTTON STATE REPORTS Washington, D. C„ July 2.—The con. dltlon cf cotton by state* la aa follows: Virginia, 65; North Carolina, 7$; South Cnrollna. T»: Georgia, 71; Flor ida, *3: Alabama. 6$: Mississippi. t>\ Louisiana. 6fl; Taxon, 7$; Arkansas. 87; Tcnneiaee, 60; Missouri, 84; .Okla homa, 74; Indian Territory. 7$. Av erage for United State, 7$. JW? JB& &«$* Bermuda? &T *•- “*■ FISH. BANK CLOSING NOTICE. Thuraday, July 4, la a logal Holiday. Tho bank* compoaing . th. Atlanta Clearing Houae Aasoeiation will bs closed for business an that day. DARWIN G. JONE8, Manager. ASA G. CANDLER, President. (T ATLANTA NATIONAL BANK ATLANTA, GA- C. E. CURRIER. President. H. T. INMAN, Vlce-Preeldent GEO. R. OONOVAN, Caahiar. JAMES 8. FLOYD, Atalatant Cashier. Capital $500,000.00 Surplus and Undivided Profits $660,000.00 We Solicit Your Patronage. J ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. ATLANTA. Bell Phone, Main &X CEOKC.IA-